NASA's Goddard Institute for Space Studies (GISS) released overnight its analysis of world temperatures for 2011 including an attempt to explain an apparent slowdown in the rate of global warming.
Italian Prime Minister Silvio Berlusconi was fighting for his political survival overnight, as Italy’s borrowing costs reached new highs.
As European leaders gathered in Brussels overnight in yet another attempt to stem the region’s worsening debt crisis, attention was focused on the key role that two Italians are now playing.
Europe is on the brink -- and it's a measure of how fast-moving the crisis is that I must add the phrase "at time of writing".
Ben Bernanke’s Fed has embraced inflation and currency debauchment as the way out, but the European Central Bank is not there yet. That’s why European markets sold off overnight.
European credit markets flashed a dangerous warning signal overnight, as investors took fright at Portugal’s latest downgrade to junk status, writes Karen Maley.
Greece’s creditors have lent in full knowledge of its poor credit history and reckless public spending, writes Adam Creighton, research fellow (Economics Program) at the Centre for Independent Studies.
The pattern for the past two years has been left-wing governments falling like ninepins, and European voters have been flocking to free-market and centre-right parties.